Having a reliable ERP (enterprise resource planning) became a vital part of keeping countless companies alive amid the decline of numerous economies due to the COVID-19 pandemic. Enterprises with solid ERP systems benefitted from it and were able to pivot to hybrid work setups for their employees efficiently. Moreover, they could cater to the continually increasing demand for various goods and services.
But business landscapes are ever-evolving, and technological advancements are made regularly. Along with this, ERP solution providers also evolve their products to help firms make their processes more flexible and scalable than before.
Keeping tabs on the trends and changes in the ERP industry can help businesses incorporate a more advanced ERP technology into their network. In addition, they will be able to capitalise on these sophisticated ERP solutions to stay ahead of market rivals.
The Continuous Growth of Cloud ERP
On-premise ERPs might be far from dead, but experts foresee that migration to cloud-based ERP systems will continue this year. By going with cloud ERP solutions, institutions give their workforce a powerful tool that can significantly streamline business-critical tasks like finance and human resources. It also makes enterprises more flexible and easier to scale when needed.
Apart from streamlining tasks, cloud-based ERPs are more economical, especially for small and medium enterprises (SMEs). This sector does not need complex software solutions for their services, and with cloud ERP, they can only avail themselves of the modules they need for their operations. This helps significantly increase business savings which they can use for other critical investments in the future.
ERP Solutions to Be More Customisable
Modern ERP solutions, such as the Microsoft Dynamics Business Central, have a user interface and numerous modules that the workforce can easily modify. Allowing the team members to have personalised ERP interfaces makes the work more efficient and helps increase productivity.
Moreover, having a customisable ERP system makes it easier to integrate other business-critical digital tools. For example, Microsoft Business Central allows its users to connect the system with CRM and other Microsoft applications, such as Outlook and MS Teams. This can enhance collaboration between the employees and improve the responsiveness to relevant inquiries.
One sector that saw significant growth in the past decade is the e-commerce industry, slowly dominating the retail world. Integrating e-commerce solutions into the ERP will help some team members, especially those in customer service and sales, save time performing their tasks.
When appropriately integrated, employees can easily search for necessary records, including consumer history, transactions, and customer details, in the ERP. Also, making various sales tasks, such as order placements and payments, would be more accessible for both the employees and the clients.
Continual Expansion of Mobile ERP
With remote work becoming the norm in numerous industries, ERP systems that staff can access with mobile phones are prevalent nowadays. It is expected that ERP solutions will be more mobile-centric along with the continual innovations in modern smartphones. This will allow the employees to conduct all vital back and front-end tasks in any location. Companies can also make informed decisions with accurate real-time data that they can access immediately on their devices.
Investing in top-notch ERP solutions can help enterprises streamline critical business tasks and prepare for the various disruptions that might arise in succeeding years. Modern ERP solutions now have countless capabilities that can help organisations establish the efficiency of their operations. Partnering with a third-party ERP provider will also ensure that firms can optimise the advantages of a leading ERP solution in the market without compromising the workforce’s productivity.
Integral Management Systems PTY LTD has been in the ERP industry since 1989 and is the preferred Microsoft Dynamics (CRM and ERP) partner in Western Australia. We can provide consultations, migration, implementation to support and maintain your ERP and CRM needs.